Lido Advisors LLC Sells 4,479 Shares of Take-Two Interactive Software, Inc. $TTWO

Lido Advisors LLC lessened its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 67.6% during the first quarter, HoldingsChannel.com reports. The fund owned 2,149 shares of the company’s stock after selling 4,479 shares during the quarter. Lido Advisors LLC’s holdings in Take-Two Interactive Software were worth $424,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in TTWO. MCF Advisors LLC purchased a new position in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $25,000. GHP Investment Advisors Inc. bought a new position in Take-Two Interactive Software during the fourth quarter valued at approximately $28,000. Rachor Investment Advisory Services LLC purchased a new stake in Take-Two Interactive Software in the fourth quarter worth approximately $34,000. MV Capital Management Inc. purchased a new stake in Take-Two Interactive Software in the fourth quarter worth approximately $34,000. Finally, Reflection Asset Management purchased a new stake in Take-Two Interactive Software in the fourth quarter worth approximately $40,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TTWO shares. BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a research note on Tuesday. Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. BTIG Research reiterated a “buy” rating and set a $293.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, July 27th. Finally, DA Davidson reiterated a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, June 15th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Take-Two Interactive Software presently has an average rating of “Buy” and a consensus target price of $294.44.

Take-Two Interactive Software Stock Performance

TTWO opened at $242.92 on Friday. The company’s 50 day moving average is $234.53 and its 200 day moving average is $221.68. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. The company has a market cap of $45.42 billion, a price-to-earnings ratio of -149.95, a PEG ratio of 4.60 and a beta of 0.96. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $265.94.

Insiders Place Their Bets

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 208,969 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $227.34, for a total value of $47,507,012.46. Following the transaction, the chief executive officer directly owned 1,006,021 shares in the company, valued at approximately $228,708,814.14. This trade represents a 17.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jon J. Moses sold 500 shares of Take-Two Interactive Software stock in a transaction on Monday, June 15th. The stock was sold at an average price of $215.22, for a total transaction of $107,610.00. Following the transaction, the director owned 22,368 shares in the company, valued at $4,814,040.96. This represents a 2.19% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 569,936 shares of company stock valued at $128,431,438. 1.34% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Profile

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.